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Genesis Worldwide Inc.

09:53 AM EST - Genesis Worldwide Inc. : reported a wider net loss for the second quarter, hurt by steep decline in revenue partially offset by lower expenses. Net loss for the second quarter was $1.91 million or $0.03 per share, compared to a net loss of $1.62 million or $0.05 per share in the prior-year quarter. Total revenue for the quarter decreased 32.4% to $2.07 million from $3.06 million in the year-ago quarter, due to the restructuring activities. Genesis Worldwide Inc. shares T.GWI are trading even at $0.09.